Liberum Capital Trims Merlin Entertainments (MERL) Target Price to GBX 360

Merlin Entertainments (LON:MERL) had its target price lowered by investment analysts at Liberum Capital from GBX 382 ($5.18) to GBX 360 ($4.88) in a note issued to investors on Monday. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s target price points to a potential downside of 0.50% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Numis Securities restated an “add” rating and issued a GBX 553 ($7.50) target price on shares of Merlin Entertainments in a research report on Monday, October 16th. Deutsche Bank cut their price target on Merlin Entertainments from GBX 600 ($8.14) to GBX 515 ($6.98) and set a “buy” rating for the company in a report on Monday, October 23rd. Citigroup reaffirmed a “buy” rating and issued a GBX 565 ($7.66) price target on shares of Merlin Entertainments in a report on Friday, October 6th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 530 ($7.19) price target on shares of Merlin Entertainments in a report on Tuesday, October 17th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Merlin Entertainments in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 474.86 ($6.44).

Merlin Entertainments (LON:MERL) opened at GBX 361.80 ($4.91) on Monday. The firm has a market capitalization of $3,690.00 and a P/E ratio of 1,722.86. Merlin Entertainments has a 1 year low of GBX 343.40 ($4.66) and a 1 year high of GBX 537.50 ($7.29).

In other Merlin Entertainments news, insider Ken J. Hydon bought 30,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was bought at an average price of GBX 376 ($5.10) per share, with a total value of £112,800 ($152,969.89). Also, insider Anne-Francoise Nesmes bought 5,500 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were acquired at an average cost of GBX 369 ($5.00) per share, with a total value of £20,295 ($27,522.38).

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Merlin Entertainments Company Profile

Merlin Entertainments plc is a United Kingdom-based entertainment company. The Company operates through three business segments: Midway Attractions, LEGOLAND Parks and Resort Theme Parks. Its products include Midway attractions, which are smaller, indoor attractions located in city centers or resorts, and Theme parks, which are larger multi-day destination venues, with on-site themed accommodation.

Analyst Recommendations for Merlin Entertainments (LON:MERL)

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